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If the price of a fixed factor of production increases by 50 percent, what effect would this have on the marginal-cost schedule facing a firm? multiple choice none, because fixed costs do not affect m
If the price of a fixed factor of production increases by 50 percent, what effect would this have on the marginal-cost schedule facing a firm? multiple choice none, because fixed costs do not affect marginal cost. marginal cost would increase by less than 50 percent. marginal cost would increase by 50 percent. marginal cost would increase by more than 50 percent.